Small Business Credit Index reaches new heights in Q4 2014

Q4 Report Findings

The Experian/Moody’s Analytics Small Business Credit Index (SBCI) added 1.5 points to reach 116.7 from a revised 115.2 in the third quarter (previously 114.8). The index measures credit conditions for firms with fewer than 100 workers, and last quarter’s move puts it at an all-time high. This is the third consecutive quarterly gain for the index amid swiftly improving small-business credit conditions.

Credit balances and the number of trades each expanded in the fourth quarter, contributing to the rise in the SBCI. This was accompanied by a decline in the delinquency rate to a cyclical low of 8.5 percent. Additionally, job growth continued at a brisk clip last quarter, further supporting the top-line index value.

Read the full report to learn about the current conditions and predictions for future quarters.

About the Report

Experian joined forces with Moody’s Analytics, a leading independent provider of economic forecasting, to create a business index and detailed report that provides insight into the health of U.S. businesses. The Experian/Moody’s Analytics Small Business Credit Index is reported quarterly to show fluctuations in the market and discuss factors that are impacting the business economy.

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